The FBI has come out strongly in favour of the Cayman Islands’ ability to provide law enforcement with verified information about companies’ ‘ultimate beneficial owners’.
Looking forward to 2019, Martin Kenney says campaigners hold a very firm assumption that public UBO registers are fundamental for transparency. “I will continue to tell them that they are incorrect,” he says.
The UK’s National Crime Agency said there were now signs that criminals were finding new tax havens where they could exploit lax regulation and hide their links to corrupt assets.
